[madaxe_again]

Currently slightly under 4%. I have a feeling that part of the solution here is going to end up being, what was the euphemism? Quantitative easing - also known as “printing money”. I would not be surprised if we end up seeing near double digit inflation in USD - it has also significantly lost its status as a global reserve currency, which makes this all the more likely.

Tbh I think it’s already happening in real terms, but the CPIs aren’t fully showing it yet.

[pjc50]

> Quantitative easing

Why though? This isn't a bank run situation. Sure, it's unwise to bet against "US President does something stupid", but the rationale is missing.

The oil situation remains very concerning, and you can't print oil.

[madaxe_again]

Oh but it is. The debt that’s funding the AI buildout ends up in the oddest of places - like pension funds. If defaults occur and work their way up the chain, it’s not dissimilar to the subprime affair - and at that point it’s bail out the poor pensioners or get crucified at the ballot box.

There’s lots of precedent for this over the past decades, both in the U.S. and over the pond.

[pjc50]

How much of this is debt as opposed to equity, though? Can we have a balance sheet?

[madaxe_again]

Not readily, as the private companies are private, and the public ones obfuscate their books - and even then the question that remains is how much of that equity is funded by debt.